Russia memo proposes return to Dollar system in pitch to Trump

In a surprising move, the Kremlin has outlined a proposal to reintroduce the U.S. dollar into its economic framework, signaling a potential shift in Russia's financial strategy. This initiative is part of a broader effort to establish a cooperative economic relationship with the Trump administration. Historically, Russia has sought to distance itself from the dollar due to geopolitical tensions and sanctions imposed by the U.S. However, this new approach suggests a pragmatic response to changing global economic conditions and the need for enhanced trade partnerships. The proposal aims to facilitate smoother transactions and bolster economic ties, potentially reshaping the landscape of international trade. As both nations navigate complex diplomatic waters, this development could have significant implications for global markets and the geopolitical balance of power. Observers are keenly watching how this initiative will unfold and what it means for U.S.-Russia relations moving forward.
Originally reported by LiveMint. Read original article
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